Parkland Fuel Corporation

TSX : PKI


Parkland Fuel Corporation

May 07, 2014 17:39 ET

Parkland Fuel Corporation Announces the Results of the 2014 Annual and Special Meeting of Shareholders

RED DEER, ALBERTA--(Marketwired - May 7, 2014) - Parkland Fuel Corporation ("Parkland" or the "Corporation") (TSX:PKI), North America's fastest growing distributor and marketer of fuels and lubricants, today announced that all six of the nominees listed in Parkland's management information circular dated March 20, 2014 (the "Information Circular") were elected as directors of the Corporation at its annual and special meeting of shareholders held on May 6, 2014 (the "Meeting"). The detailed results of that vote, as well as the results for the other items of business considered at the Meeting are set out below:

Resolution 1

Election of directors of Parkland Fuel Corporation for the ensuing year.

Nominee Votes
For
%
For
Votes
Withheld
%
Withheld
John F. Bechtold 30,390,699 97.60 % 748,898 2.40 %
Robert Espey 30,796,097 98.90 % 343,500 1.10 %
Alain Ferland 30,395,796 97.61 % 743,801 2.39 %
Jim Pantelidis 29,464,832 94.62 % 1,674,765 5.38 %
Ron Rogers 30,057,435 96.52 % 1,082,162 3.48 %
David A. Spencer 23,644,972 75.93 % 7,494,625 24.07 %

Resolution 2

The appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of the Corporation for the fiscal year ending December 31, 2014.

Votes For 30,994,929 94.90 %
Votes Withheld 1,667,391 5.10 %
Total 32,662,320 100 %

Resolution 3

The adoption of the Corporation's shareholder rights plan, as more particularly set forth and described in the Information Circular.

Votes For 28,482,266 91.47 %
Votes Against 2,657,331 8.53 %
Total 31,139,597 100 %

Resolution 4

The approval of unallocated options under the Corporation's stock option plan, as more particularly set forth and described in the Information Circular.

Votes For 28,120,772 90.31 %
Votes Against 3,017,957 9.69 %
Total 31,138,729 100 %

Resolution 5

The approval of unallocated restricted share units under the Corporation's restricted share unit plan, as more particularly set forth and described in the Information Circular.

Votes For 23,746,056 76.26 %
Votes Against 7,392,673 23.74 %
Total 31,138,729 100 %

Resolution 6

The approval, on a non-binding and advisory basis, of the Corporation's approach to executive compensation as more particularly set forth and described in the Information Circular.

Votes For 28,471,812 91.44 %
Votes Against 2,666,917 8.56 %
Total 31,138,729 100 %

Voting results for all matters have been posted on SEDAR.

About Parkland Fuel Corporation

Parkland Fuel Corporation is North America's fastest growing independent marketer of fuel and petroleum products. We deliver gasoline, diesel, propane, lubricants, heating oil and other high quality petroleum products to motorists, businesses, consumers and wholesale customers in Canada and the United States. Our mission is to be the partner of choice for our customers and suppliers, and we do this by building lasting relationships through outstanding service, reliability, safety, and professionalism. We are unique in our ability to provide customers with dependable access to supply, utilizing a portfolio of supply relationships, storage infrastructure, and third party rail and highway carriers to rapidly respond to supply disruptions in order to protect our customers' operations.

To sign up for Parkland's investor information services, please go to http://bit.ly/PKI-Info or visit www.parkland.ca.

Contact Information

  • Parkland Fuel Corporation
    Tom McMillan
    Director, Corporate Communications
    1-800-662-7177 ext. 2533
    www.parkland.ca